A VIEW FROM THE TOP
Summit Steel President Ross Bushman offers a weekly summary of data and observations regarding the metals industry news, market conditions and their global and domestic impact.
Feel free to contact Ross with your thoughts or comments.
LATEST VIEWS
Fastest growth rate in over 4 years Fastest growth rate in over 4 years. In July, US manufacturing activity remained in expansion territory, growing at its fast[...]
Annual inflation rate cooled Annual inflation rate cooled to 3.4% in July, easing pressure on the Fed to raise rates next month. US raw steel production down fr[...]
PMI highest since May 2022 PMI highest since May 2022. In a report issued by Susan Spence, MBA< Chair of the Institute for Supply Management (ISM) Manufactur[...]
Interest rates held steady Interest rates held steady at 3.5-3.75% at the Fed's Wednesday 29 July 2026 meeting. US raw steel production up from previous week In[...]
Weakening consumer spending Weakening consumer spending was reflected in the 0.2 percent decline in June of the Conference Board Leading Economic Index (LEI), w[...]
Inflation fell to 3.5 percent Inflation fell to 3.5 percent. The Consumer Price Index fell 0.4 percent in June after rising 0.5 percent in May, the US Bureau of[...]
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